More villainy. The knives are out for Sahashi as a former executive accuses him of misappropriating funds. Here's a translation of an article in the Chugoku Shimbun.
You now know that Nova is officially finished. G.Communication has decided to take over and reopen 30 schools and eventually expand to 200 schools. It's a raw deal for instructors. Since there's no time frame for when all 200 schools will be reopened it's a safe bet that most teachers won't be getting their old jobs back. How much longer can one sit around and wait?
The Asahi Shimbun is reporting that Nova has found someone to take over part of its business.
Your company is in ruins. Your board of directors has ousted you in a coup d'etat and you are no longer in control. You have liabilities totaling nearly 100 billion yen. You haven't paid your employees in months.
The Sankei Shimbun makes the Nova collapse personal. Here's a translation of a recent article.
What's the attraction for bailing out Nova? It doesn't produce anything tangible and it doesn't own its schools. Given recent reports, if Nova makes anything, it's a giant mess.
The Japan Times
The Asahi Shimbun has reported that the Osaka Labour Bureau questioned former Nova president, Nozomu Sahashi, on November 2.
I was cleaning out my closet, and way at the back I found photocopies of an article on teaching English tilted "The Sure Thing" from the June 1991 edition of the Tokyo Journal. I thought this would be an interesting read. You might want to download the full-size images if you find the text too small to read.
In the final installment of its three-part series, The Daily Yomiuri touches on something that I commented on last night: that Nova's business model was fatally flawed.
The Daily Yomiuri:
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